We are evaluating a project that costs $750,000, has an fourteen-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 114,000 units per year. Price per unit is $41, variable cost per unit is $24, and fixed costs are $750,750 per year. The tax rate is 34 percent, and we require a 17 percent return on this project. The projections given for price, quantity, variable costs, and fixed costs are all accurate to within +/- 12 percent.

1) Calculate the best-case NPV. (7371761, 8393304, 7593942, 7993623, 4833520)

2) Calculate the worst-case NPV. (-371383, 4833520, 2054314, 8393304, 59983)